PH at 'Extreme' Risk from Calamities
PARIS (AFP) - The Philippines and Bangladesh, which along with Myanmar, lead a list of countries considered to be at "extreme" risk from earthquakes, floods, storms, and other natural hazards, according to research published on Wednesday.
In an assessment of 197 countries, British risk consultancy Maplecroft said six Asian countries were among the 10 countries whose economies were most vulnerable to catastrophes.
Only one other country, the Caribbean state of Dominican Republic, falls into this category, and was rated third overall.
The other countries in the top 10 were India, Vietnam, Honduras, Laos, Haiti, and Nicaragua.
The "Nature Hazards Risk Atlas" looks at the impact of natural disasters on a country relative to its economy, taking into account preparedness to deal with such events and social ability to rebound.
If a country's infrastructure is weak and its governance is poor, the economic consequences are that much greater.
The report highlighted the impact on the Philippine economy from storms, landslides, volcanoes and floods, including severe flooding that struck the northern island of Luzon last week.
It also noted the consequences of drought in India, which this year is likely to shave 0. …